EQUITY RETAIL BLOG

Walmart and DoorDash part ways as Walmart expands its own delivery service

The relationship between Walmart and DoorDash will come to an end next month based on reports that the delivery service gave Walmart a 30-day notice. The companies have been working together since 2018. Walmart has been actively building up Spark, it’s own delivery service currently available in more than 600 cities. And last summer the […]

Grocery Outlet to offer same-day delivery via DoorDash

Grocery Outlet, the expanding food retailer with the value-priced model and treasure hunt shopping environment, announced a partnership with DoorDash to provide same-day delivery from nearly 400 stores in eight states. Participating stores are coupled with the DashPass membership program, which offers free delivery on orders of $35 or more. To promote the new partnership, […]

Discount grocery stores reaping the benefits of inflation, pandemic

According to an article in Grocery Dive a couple weeks ago, grocery shoppers are venturing toward discount stores as they feel battered from rising prices and expensive gasoline. For instance, an Aldi executive reported that the chain saw 2.5 million new customers in recent weeks, most of whom were middle- and high-income consumers. However, traditional […]

Tishman Speyer Venture Breaks Into Philadelphia Biotech Market

Philadelphia, long a secondary market for biotech investment, is seeing an uptick in development as investors seek to meet demand from an expanding roster of life sciences tenants on the hunt for a shrinking amount of available space. Greater Philadelphia is considered the strongest cell and gene therapy hub in the nation, attracting nearly $4 […]

Supermarket News releases Top 50 list - Walmart and Amazon top food and grocery retail sales

The Supermarket News (SN) annual list of the Top 50 food and grocery retailers was released earlier this month. The data, compiled by SN and its research partner IGD, includes sales figures based on public company records, company-provided information, and IGD / SN estimates. The Top 50 list (by sales) includes seven companies with more […]

Amazon to receive warrants for equity stake in Grubhub

Amazon announced earlier this month that it entered into an agreement that could give it more than a 15% equity stake in Grubhub, and that Prime members in the U.S. can sign up for a free, one-year Grubhub+ trial subscription that will provide unlimited free restaurant deliveries. According to reports about the deal, Grubhub parent […]

Back-To-School Spending Set To Be An All-Time High

Back-to-school spending might reach an all-time high this season, according to a new report from Deloitte. Over half of surveyed back-to-school shoppers expressed inflation concerns, but many still plan to purchase needed supplies. Spending for the category is expected to reach up to $34.4 billion for K-12 students and $28.3 billion for college shoppers, per […]

BJ's Warehouse Club opening new locations, ramping up expansion

BJ’s Wholesale Club announced last month that it plans to open new warehouse clubs in Noblesville, IN; New Albany, OH; Wayne, NJ, and Midlothian, VA. Once the stores are open BJ’s will have 233 warehouse locations overall. The Noblesville club – not far from Indianapolis – will be the company’s first Indiana location and its […]

Northeast PA Chain Gerrity's Supermarkets joins Wakefern Cooperative

Gerrity’s Supermarkets, a 10-unit chain based in Scranton, PA, has joined Wakefern Food Corp., the retail grocery cooperative that includes the ShopRite, Price Rite, and The Fresh Grocer banners, among others. According to reports, plans call for the Northeast PA supermarket to transition over the next few months to Gerrity’s The Fresh Grocer. Gerrity’s is […]

Amazon facing lawsuits after eliminating free Whole Foods delivery for Prime members

Amazon Prime members, who were getting free two-hour delivery on Whole Foods orders over $35 from 2018 until last fall, are unhappy that the delivery perk was discontinued last fall, when they began charging $9.95 for the service. To that effect, two plaintiffs are alleging in a class-action lawsuit filed last month that Amazon “engaged […]